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First Credit Union Goes Live With TranzCapture RDS

Monday, September 26, 2016 6:35 AM

While "uneventful" may sometimes carry a negative connotation, using the word to describe a software conversion is actually quite positive. Such was the case with Texas Telcom Credit Union's Sept. 12 transition from Catalyst Corporate Federal Credit Union's original Bluepoint remote deposit services platform to its new TranzCapture RDS platform. The Dallas credit union was the first to go live on Catalyst Corporate's next-generation Branch Capture service.

"The navigation seems pretty simple," said Brittani Wright, Texas Telcom's Member Services Manager, following the 30-minute implementation and training session at the credit union.

After a week on the system, Accounting Manager Pam Toler gave her assessment of TranzCapture: "The best part is that there was not a big change in procedure, and it was easy for the tellers to start using immediately. I also like the fact that if the computer fails, the scanner can be easily moved to another computer."

"As the TranzCapture software is web-based, implementation does not require workstation downloads," said Dora Allison, the Catalyst Corporate RDS Analyst who brought Texas Telcom online. "In most cases, the credit union simply has to point the new software to its existing check scanner and update user permissions in TranZact – Catalyst Corporate's online account management system. The TranzCapture module is housed within TranZact, enabling authorized users to conveniently access RDS activity alongside their other Catalyst Corporate accounts."

In addition to Branch Capture, the TranzCapture suite of services includes ATM, Mobile, Business (Merchant), and ITM (Interactive Teller Machine). Capture applications are projected to be live by December 2016. Built on the latest technology, the services offer benefits that include cross-platform detection of duplicate deposits, a shared branching feature to properly route returns and optional real-time fraud protection across all deposit channels through Early Warning Services (EWS).

Even credit unions that do not use Catalyst Corporate as their RDS provider can use the TranzCapture Image Clear system to archive and view deposit images, as well as provide image delivery to their members. Real-time EWS fraud protection is also available to these credit unions.

TranzCapture, LLC, a credit union service organization owned by Catalyst Corporate and Naperville, IL-based Alloya Corporate Federal Credit Union is developing the deposit capture applications. "Among other advantages, this partnership creates an environment in which services can be tailored to credit unions' specialized needs, and greater attention can be given to accommodative pricing and service enhancements," Allison said.

Currently, five additional credit unions are in line to transition onto the TranzCapture system in the pilot phase: Baylor Health Care System Credit Union, CE Federal Credit Union, Coast 2 Coast Financial Credit Union, Florida Central Credit Union, and Irving City Employees Federal Credit Union. CE Federal Credit Union was among the first credit unions to go live on Catalyst Corporate's original RDS platform in 2006. The majority of Catalyst Corporate RDS user credit unions will transition to TranzCapture in 2017.

TranzCapture demonstrations will be available at Catalyst Corporate's upcoming Economic Forum, Oct. 3-5 at the Omni Mandalay at Las Colinas in the Dallas area. More information is available on TranzCapture under Services/Payment Services at www.catalystcorp.org, or by contacting Catalyst Corporate at contactus@catalystcorp.org or 800-442-5763, option 5.